Business
Student Guest Blog: Broken Arrow Sports Bar?
Student Guest Blog: Santa Barbara Indian Band Approves Grants to Local County Agencies
A Santa Barbara American Indian Band has made a significant financial contribution to Santa Barbara County entities, including the Santa Barbara County Fire Department and Santa Barbara County Sheriff’s Department. The Santa Barbara County Indian Gaming Community Benefit Committee approved a total of $736,700 in grants from the State Special Distribution Fund (SDF) to the above agencies on May 29th, 2012.
Tribal-Private Gaming Partnership in Minnesota
Tough Times in Reno - Silver Legacy Bankrupt
The move is cited as a troubling example of Reno's inability to maintain a sustainable market for California tourists.
Gambling revenue in Reno has dropped by a third since 2000. In addition to the lack of rebound from local and national recession, steady competition from Northern California's tribal casinos, especially the Thunder Valley Casino near Lincoln, is cited as a primary cause.
Latest Gambling Industry Statistics from AGA
Reno Casinos Blame California Tribal Gaming for Financial Woes
But now, the Silver Legacy is trying to avoid defaulting on a $142M bond. The casino's owners are negotiating a restructuring of the debt.
